Free Trial
→ SpaceX eyes a 1.75 trillion valuation - here's what to know (From Brownstone Research) (Ad)tc pixel Free PEP Stock Alerts

PepsiCo (PEP) Financials

PepsiCo logo
$155.96 +0.92 (+0.59%)
Closing price 04:00 PM Eastern
Extended Trading
$156.29 +0.33 (+0.21%)
As of 07:59 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Compare
Annual Income Statements for PepsiCo

Annual Income Statements for PepsiCo

This table shows PepsiCo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/26/2015 12/31/2016 12/30/2017 12/29/2018 12/28/2019 12/26/2020 12/25/2021 12/31/2022 12/30/2023 12/28/2024 12/27/2025
Net Income / (Loss) Attributable to Common Shareholders		 5,452 6,329 4,857 12,515 7,314 7,120 7,618 8,910 9,074 9,578 8,240
Consolidated Net Income / (Loss)		 5,501 6,379 4,908 12,559 7,353 7,175 7,679 8,978 9,155 9,626 8,295
Net Income / (Loss) Continuing Operations		 5,501 6,379 4,908 12,559 7,353 7,175 7,679 8,978 9,155 9,626 8,295
Total Pre-Tax Income 		7,442 8,553 9,602 9,189 9,312 9,069 9,821 10,705 11,417 11,946 10,244
Total Operating Income		 8,353 9,804 10,276 10,110 10,291 10,080 11,162 11,512 11,986 12,887 11,498
Total Gross Profit		 34,325 34,577 34,729 35,280 37,029 38,575 42,399 45,816 49,590 50,110 50,859
Total Revenue		 63,056 62,799 63,525 64,661 67,161 70,372 79,474 86,392 91,471 91,854 93,925
Operating Revenue		 63,056 62,799 63,525 64,661 67,161 70,372 79,474 86,392 91,471 91,854 93,925
Total Cost of Revenue		 28,731 28,222 28,796 29,381 30,132 31,797 37,075 40,576 41,881 41,744 43,066
Operating Cost of Revenue		 28,731 28,222 28,796 29,381 30,132 31,797 37,075 40,576 41,881 41,744 43,066
Total Operating Expenses		 25,972 24,773 24,453 25,170 26,738 28,495 31,237 34,304 37,604 37,223 39,361
Selling, General & Admin Expense		 24,613 24,773 24,453 25,170 26,738 28,453 31,237 34,459 36,677 37,190 37,368
Impairment Charge		 1,359 - - - - 42 0.00 3,166 927 33 1,993
Total Other Income / (Expense), net		 -911 -1,251 -674 -921 -979 -1,011 -1,341 -807 -569 -941 -1,254
Interest Expense		 970 1,342 1,151 1,219 935 1,128 1,863 939 819 919 1,121
Other Income / (Expense), net		 - -19 477 298 -44 - 522 132 250 -22 -133
Income Tax Expense		 1,941 2,174 4,694 -3,370 1,959 1,894 2,142 1,727 2,262 2,320 1,949
Net Income / (Loss) Attributable to Noncontrolling Interest		 49 50 51 44 39 55 61 68 81 48 55
Basic Earnings per Share		 $3.71 $4.39 $3.40 $8.84 $5.23 $5.14 $5.51 $6.45 $6.59 $6.97 $6.02
Weighted Average Basic Shares Outstanding		 1.47B 1.44B 1.43B 1.42B 1.40B 1.39B 1.38B 1.38B 1.38B 1.37B 1.37B
Diluted Earnings per Share		 $3.67 $4.36 $3.38 $8.78 $5.20 $5.12 $5.49 $6.42 $6.56 $6.95 $6.00
Weighted Average Diluted Shares Outstanding		 1.49B 1.45B 1.44B 1.43B 1.41B 1.39B 1.39B 1.39B 1.38B 1.38B 1.37B
Weighted Average Basic & Diluted Shares Outstanding		 1.45B 1.43B 1.43B 1.42B 1.39B 1.38B 1.38B 1.38B 1.37B 1.37B 1.37B
Cash Dividends to Common per Share		 $2.76 $2.96 $3.17 $3.59 $3.79 $4.02 $4.25 $4.53 $4.95 $5.33 $5.62

Quarterly Income Statements for PepsiCo

This table shows PepsiCo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/9/2023 12/30/2023 3/23/2024 6/15/2024 9/7/2024 12/28/2024 3/22/2025 6/14/2025 9/6/2025 12/27/2025 3/21/2026
Net Income / (Loss) Attributable to Common Shareholders		 3,092 1,302 2,042 3,083 2,930 1,523 1,834 1,263 2,603 2,540 2,327
Consolidated Net Income / (Loss)		 3,116 1,324 2,053 3,094 2,945 1,534 1,843 1,279 2,618 2,555 2,338
Net Income / (Loss) Continuing Operations		 3,116 1,324 2,053 3,094 2,945 1,534 1,843 1,279 2,618 2,555 2,338
Total Pre-Tax Income 		3,876 1,533 2,573 3,870 3,694 1,809 2,342 1,571 3,331 3,000 2,970
Total Operating Income		 4,015 1,683 2,717 4,048 3,872 2,250 2,583 1,789 3,569 3,557 3,213
Total Gross Profit		 12,778 14,753 10,002 12,582 12,923 14,603 9,993 12,422 12,824 15,620 10,731
Total Revenue		 23,453 27,850 18,250 22,501 23,319 27,784 17,919 22,726 23,937 29,343 19,443
Operating Revenue		 23,453 27,850 18,250 22,501 23,319 27,784 17,919 22,726 23,937 29,343 19,443
Total Cost of Revenue		 10,675 13,097 8,248 9,919 10,396 13,181 7,926 10,304 11,113 13,723 8,712
Operating Cost of Revenue		 10,675 13,097 8,248 9,919 10,396 13,181 7,926 10,304 11,113 13,723 8,712
Total Operating Expenses		 8,763 13,070 7,285 8,534 9,051 12,353 7,410 10,633 9,255 12,063 7,518
Selling, General & Admin Expense		 8,763 12,143 7,285 8,534 9,027 12,320 7,410 8,773 9,122 12,063 7,518
Total Other Income / (Expense), net		 -139 -150 -144 -178 -178 -441 -241 -218 -238 -557 -243
Interest Expense		 201 217 202 234 219 264 264 260 264 333 301
Other Income / (Expense), net		 62 - 58 56 - - - 42 - - 58
Income Tax Expense		 760 209 520 776 749 275 499 292 713 445 632
Net Income / (Loss) Attributable to Noncontrolling Interest		 24 22 11 11 15 11 9.00 16 15 15 11
Basic Earnings per Share		 $2.25 $0.95 $1.49 $2.24 $2.13 $1.11 $1.34 $0.92 $1.90 $1.86 $1.70
Weighted Average Basic Shares Outstanding		 1.38B 1.38B 1.38B 1.38B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B
Diluted Earnings per Share		 $2.24 $0.93 $1.48 $2.23 $2.13 $1.11 $1.33 $0.92 $1.90 $1.85 $1.70
Weighted Average Diluted Shares Outstanding		 1.38B 1.38B 1.38B 1.38B 1.38B 1.38B 1.38B 1.37B 1.37B 1.37B 1.37B
Weighted Average Basic & Diluted Shares Outstanding		 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B
Cash Dividends to Common per Share		 $1.27 - $1.27 $1.36 - - $1.36 $1.42 - - $1.42

Annual Cash Flow Statements for PepsiCo

This table details how cash moves in and out of PepsiCo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/26/2015 12/31/2016 12/30/2017 12/29/2018 12/28/2019 12/26/2020 12/25/2021 12/31/2022 12/30/2023 12/28/2024 12/27/2025
Net Change in Cash & Equivalents		 2,962 50 1,488 112 -5,199 2,684 -2,547 -607 4,661 -1,208 651
Net Cash From Operating Activities		 10,864 10,663 10,030 9,415 9,649 10,613 11,616 10,811 13,442 12,507 12,087
Net Cash From Continuing Operating Activities		 10,864 10,663 10,030 9,415 9,649 10,613 11,616 10,811 13,442 12,507 12,087
Net Income / (Loss) Continuing Operations		 5,501 6,379 4,908 12,559 7,353 7,175 7,679 8,978 9,155 9,626 8,295
Consolidated Net Income / (Loss)		 5,501 6,379 4,908 12,559 7,353 7,175 7,679 8,978 9,155 9,626 8,295
Depreciation Expense		 2,416 2,368 2,369 2,399 2,432 2,548 2,710 2,763 2,948 3,160 3,451
Amortization Expense		 - - - - 412 478 505 517 570 655 727
Non-Cash Adjustments To Reconcile Net Income		 2,219 623 588 -5,268 455 523 -294 1,086 1,931 1,912 3,468
Changes in Operating Assets and Liabilities, net		 728 1,293 2,165 -275 -1,003 -111 1,016 -2,533 -1,162 -2,846 -3,854
Net Cash From Investing Activities		 -3,569 -7,150 -4,403 4,564 -6,437 -11,619 -3,269 -2,430 -5,495 -5,472 -6,879
Net Cash From Continuing Investing Activities		 -3,569 -7,150 -4,403 4,564 -6,437 -11,619 -3,269 -2,430 -5,495 -5,472 -6,879
Purchase of Property, Plant & Equipment		 -2,758 -3,040 -2,969 -3,282 -4,232 -4,240 -4,625 -5,207 -5,518 -5,318 -4,415
Acquisitions		 -86 -212 -61 -1,496 -2,717 -6,372 -61 -873 -314 -256 -3,391
Purchase of Investments		 -4,428 -12,504 -18,385 -5,637 0.00 -1,135 0.00 -291 -555 -425 -190
Sale of Property, Plant & Equipment		 86 99 180 134 170 55 166 251 198 342 528
Divestitures		 76 85 267 505 253 6.00 169 49 75 166 39
Sale and/or Maturity of Investments		 4,114 8,415 16,536 14,338 78 0.00 1,077 3,606 568 0.00 650
Other Investing Activities, net		 -573 7.00 29 2.00 11 67 5.00 35 51 19 -100
Net Cash From Financing Activities		 -4,112 -3,211 -4,186 -13,769 -8,489 3,819 -10,780 -8,523 -3,009 -7,556 -4,979
Net Cash From Continuing Financing Activities		 -4,112 -3,211 -4,186 -13,769 -8,489 3,819 -10,780 -8,523 -3,009 -7,556 -4,979
Repayment of Debt		 -4,137 -5,694 -5,626 -5,668 -5,024 -6,532 -8,743 -6,197 -6,184 -9,578 -12,075
Repurchase of Common Equity		 -5,000 -3,000 -2,000 -2,000 -3,000 -2,000 -106 -1,500 -1,000 -1,000 -1,000
Payment of Dividends		 -4,040 -4,227 -4,472 -4,930 -5,304 -5,509 -5,815 -6,172 -6,682 -7,229 -7,638
Issuance of Debt		 8,717 9,382 7,600 -1,349 4,624 17,777 4,564 5,315 10,881 10,220 15,750
Other Financing Activities, net		 353 335 317 178 215 83 -680 31 -24 31 -16
Effect of Exchange Rate Changes		 -221 -252 47 -98 78 -129 -114 -465 -277 -687 422

Quarterly Cash Flow Statements for PepsiCo

This table details how cash moves in and out of PepsiCo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/9/2023 12/30/2023 3/23/2024 6/15/2024 9/7/2024 12/28/2024 3/22/2025 6/14/2025 9/6/2025 12/27/2025 3/21/2026
Net Change in Cash & Equivalents		 3,889 -370 -1,631 -1,712 925 1,210 -234 -607 459 1,033 1,347
Net Cash From Operating Activities		 5,611 5,812 -1,041 2,356 4,905 6,287 -973 1,969 4,472 6,619 41
Net Cash From Continuing Operating Activities		 5,611 5,812 -1,041 2,356 4,905 6,287 -973 1,969 4,472 6,619 41
Net Income / (Loss) Continuing Operations		 3,116 1,324 2,053 3,094 2,945 1,534 1,843 1,279 2,618 2,555 2,338
Consolidated Net Income / (Loss)		 3,116 1,324 2,053 3,094 2,945 1,534 1,843 1,279 2,618 2,555 2,338
Depreciation Expense		 705 975 641 738 739 1,042 684 807 824 1,136 742
Amortization Expense		 136 186 127 151 160 217 145 170 174 238 162
Non-Cash Adjustments To Reconcile Net Income		 42 1,556 65 139 341 1,363 33 2,141 561 747 -158
Changes in Operating Assets and Liabilities, net		 1,612 1,771 -3,927 -1,766 720 2,131 -3,678 -2,428 295 1,943 -3,043
Net Cash From Investing Activities		 -956 -3,116 -562 -892 -1,511 -2,507 -1,232 -2,895 -1,110 -1,642 -477
Net Cash From Continuing Investing Activities		 -956 -3,116 -562 -892 -1,511 -2,507 -1,232 -2,895 -1,110 -1,642 -477
Purchase of Property, Plant & Equipment		 -1,040 -2,981 -606 -1,087 -1,149 -2,468 -603 -920 -992 -1,916 -447
Acquisitions		 -49 -182 -6.00 -24 -1.00 -225 -1,200 -1,930 -46 -215 -67
Sale of Property, Plant & Equipment		 9.00 67 7.00 120 50 165 132 37 103 256 13
Sale and/or Maturity of Investments		 227 -94 0.00 75 13 -149 441 22 21 182 5.00
Other Investing Activities, net		 17 -1.00 -10 24 1.00 4.00 -2.00 -107 -6.00 17 19
Net Cash From Financing Activities		 -656 -3,043 10 -2,910 -2,382 -2,274 1,768 100 -2,876 -3,971 1,662
Net Cash From Continuing Financing Activities		 -656 -3,043 10 -2,910 -2,382 -2,274 1,768 100 -2,876 -3,971 1,662
Repayment of Debt		 -1,014 -2,876 -2,883 -2,157 -2,042 -2,496 -3,662 -1,390 -3,628 -3,395 -2,306
Repurchase of Common Equity		 -298 -249 -146 -315 -299 -240 -183 -311 -258 -248 -182
Payment of Dividends		 -1,742 -1,741 -1,767 -1,739 -1,863 -1,860 -1,882 -1,861 -1,949 -1,946 -1,966
Issuance of Debt		 2,400 1,812 4,848 1,283 1,792 2,297 7,534 3,676 2,942 1,598 6,099
Other Financing Activities, net		 -2.00 11 -42 18 30 25 -39 -14 17 20 17
Effect of Exchange Rate Changes		 -110 -23 -38 -266 -87 -296 203 219 -27 27 121

Annual Balance Sheets for PepsiCo

This table presents PepsiCo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/26/2015 12/31/2016 12/30/2017 12/29/2018 12/28/2019 12/26/2020 12/25/2021 12/31/2022 12/30/2023 12/28/2024 12/27/2025
Total Assets		 69,667 73,490 79,804 77,648 78,547 92,918 92,377 92,187 100,495 99,467 107,399
Total Current Assets		 23,031 26,450 31,027 21,893 17,645 23,001 21,783 21,539 26,950 25,826 27,949
Cash & Equivalents		 9,096 9,158 10,610 8,721 5,509 8,185 5,596 4,954 9,711 8,505 9,159
Short-Term Investments		 2,913 6,967 8,900 272 229 1,366 392 394 292 761 371
Note & Lease Receivable		 6,437 6,694 7,024 7,142 7,822 8,404 8,680 10,163 10,815 10,333 11,506
Inventories, net		 2,720 2,723 2,947 3,128 - 4,172 4,347 5,222 5,334 5,306 5,845
Prepaid Expenses		 1,865 908 1,546 633 747 874 980 806 798 921 1,068
Plant, Property, & Equipment, net		 16,317 16,591 17,240 17,589 19,305 21,369 22,407 24,291 27,039 28,008 29,905
Plant, Property & Equipment, gross		 16,317 16,591 - - 19,305 - - - - - 60,909
Accumulated Depreciation		 - - - - - - - - - - 31,004
Total Noncurrent Assets		 30,319 30,449 31,537 38,166 41,597 48,548 48,464 47,170 48,122 46,979 49,545
Long-Term Investments		 2,311 1,950 2,042 2,409 2,683 2,792 2,627 3,886 4,330 3,331 2,038
Goodwill		 14,177 14,430 14,744 14,808 15,501 18,757 18,381 18,202 17,728 17,534 18,916
Intangible Assets		 13,081 13,433 13,838 15,825 16,043 19,315 18,665 15,586 14,929 14,801 15,066
Noncurrent Deferred & Refundable Income Taxes		 - - 0.00 4,364 4,359 4,372 4,310 4,204 4,474 4,362 4,541
Other Noncurrent Operating Assets		 750 636 913 760 3,011 3,312 4,481 5,292 6,661 6,951 8,984
Total Liabilities & Shareholders' Equity		 57,637 62,291 79,804 77,648 78,547 92,918 92,377 92,187 100,495 99,467 107,399
Total Liabilities		 57,637 62,291 68,823 63,046 63,679 79,366 76,226 74,914 81,858 81,296 86,852
Total Current Liabilities		 17,578 21,135 20,502 22,138 20,461 23,372 26,220 26,785 31,647 31,536 32,764
Short-Term Debt		 4,071 6,892 5,485 4,026 2,920 3,780 4,308 3,414 6,510 7,082 6,861
Accounts Payable		 13,507 14,243 15,017 18,112 17,541 19,592 21,159 23,371 25,137 24,454 25,903
Total Noncurrent Liabilities		 40,059 41,156 48,321 40,908 43,218 55,994 50,006 48,129 50,211 49,760 54,088
Long-Term Debt		 29,213 30,053 33,796 28,295 29,148 40,370 36,026 35,657 37,595 37,224 42,321
Noncurrent Deferred & Payable Income Tax Liabilities		 4,959 4,434 3,242 3,499 4,091 4,284 4,826 4,133 3,895 3,484 3,802
Other Noncurrent Operating Liabilities		 5,887 6,669 11,283 9,114 9,979 11,340 9,154 8,339 8,721 9,052 7,965
Total Equity & Noncontrolling Interests		 0.00 0.00 10,981 14,602 14,868 13,552 16,151 17,273 18,637 18,171 20,547
Total Preferred & Common Equity		 0.00 0.00 11,086 14,518 14,786 13,454 16,043 17,149 18,503 18,041 20,406
Total Common Equity		 0.00 0.00 11,045 14,518 14,786 13,454 16,043 17,149 18,503 18,041 20,406
Common Stock		 - - 4,020 3,976 14,786 3,933 4,024 4,157 4,284 4,408 4,474
Retained Earnings		 - - 52,839 59,947 - 63,443 65,165 67,800 70,035 72,266 72,788
Treasury Stock		 - - - - 0.00 -38,446 -38,248 -39,506 -40,282 -41,021 -41,832
Accumulated Other Comprehensive Income / (Loss)		 - - -13,057 -15,119 - -15,476 -14,898 -15,302 -15,534 -17,612 -15,024
Noncontrolling Interest		 - - 92 84 82 98 108 124 134 130 141

Quarterly Balance Sheets for PepsiCo

This table presents PepsiCo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/17/2023 9/9/2023 12/30/2023 3/23/2024 6/15/2024 9/7/2024 12/28/2024 3/22/2025 6/14/2025 9/6/2025 3/21/2026
Total Assets		 95,906 99,953 100,495 100,040 99,533 100,513 99,467 101,737 105,345 106,558 110,646
Total Current Assets		 24,954 28,649 26,950 26,005 25,703 26,852 25,826 26,288 28,210 28,722 30,916
Cash & Equivalents		 6,116 10,017 9,711 8,047 6,353 7,308 8,505 8,268 7,631 8,126 10,475
Short-Term Investments		 338 266 292 303 315 743 761 314 342 535 353
Note & Lease Receivable		 11,456 11,782 10,815 10,938 11,942 12,088 10,333 10,800 12,390 12,634 12,171
Inventories, net		 5,969 5,558 5,334 5,569 5,887 5,644 5,306 5,660 6,487 6,093 6,211
Prepaid Expenses		 1,075 1,026 798 1,148 1,206 1,069 921 1,246 1,360 1,334 1,706
Plant, Property, & Equipment, net		 24,500 24,853 27,039 26,792 27,042 27,188 28,008 28,213 28,797 29,053 29,807
Plant, Property & Equipment, gross		 50,804 51,585 - 54,510 55,040 55,466 - 56,942 58,469 59,309 61,477
Accumulated Depreciation		 26,304 26,732 - 27,718 27,998 28,278 - 28,729 29,672 30,256 31,670
Total Noncurrent Assets		 46,452 46,451 48,122 47,243 46,788 46,473 46,979 47,236 48,338 48,783 49,923
Long-Term Investments		 3,038 2,955 4,330 2,734 2,674 2,645 3,331 1,996 2,061 2,084 2,135
Goodwill		 17,997 17,892 17,728 17,646 17,648 17,709 17,534 18,364 18,952 18,845 19,021
Intangible Assets		 15,562 15,501 14,929 14,853 14,826 14,857 14,801 15,363 15,523 14,852 15,143
Noncurrent Deferred & Refundable Income Taxes		 4,186 4,165 4,474 4,444 4,465 4,321 4,362 4,350 4,293 4,341 4,560
Other Noncurrent Operating Assets		 5,669 5,938 6,661 7,566 7,175 6,941 6,951 7,163 7,509 8,661 9,064
Total Liabilities & Shareholders' Equity		 95,906 99,953 100,495 100,040 99,533 100,513 99,467 101,737 105,345 106,558 110,646
Total Liabilities		 78,081 80,983 81,858 80,850 79,953 80,908 81,296 83,208 86,786 87,015 89,110
Total Current Liabilities		 29,618 32,660 31,647 30,234 31,148 30,315 31,536 31,511 36,396 31,499 34,477
Short-Term Debt		 7,613 8,937 6,510 8,161 8,289 6,524 7,082 9,099 12,056 6,736 10,151
Accounts Payable		 22,005 23,723 25,137 22,073 22,859 23,791 24,454 22,412 24,340 24,763 24,326
Total Noncurrent Liabilities		 48,463 48,323 50,211 50,616 48,805 50,593 49,760 51,697 50,390 55,516 54,633
Long-Term Debt		 36,008 35,837 37,595 37,707 36,638 38,490 37,224 39,419 39,328 44,113 42,577
Noncurrent Deferred & Payable Income Tax Liabilities		 4,113 4,047 3,895 4,087 3,908 3,684 3,484 3,541 3,102 3,474 4,048
Other Noncurrent Operating Liabilities		 8,342 8,439 8,721 8,822 8,259 8,419 9,052 8,737 7,960 7,929 8,008
Total Equity & Noncontrolling Interests		 17,825 18,970 18,637 19,190 19,580 19,605 18,171 18,529 18,559 19,543 21,536
Total Preferred & Common Equity		 17,685 18,806 18,503 19,047 19,446 19,453 18,041 18,389 18,418 19,388 21,383
Total Common Equity		 17,685 18,806 18,503 19,047 19,446 19,453 18,041 18,389 18,418 19,388 21,383
Common Stock		 4,105 4,177 4,284 4,155 4,226 4,304 4,408 4,297 4,322 4,397 4,424
Retained Earnings		 69,135 70,479 70,035 70,331 71,545 72,607 72,266 72,238 71,547 72,197 73,165
Treasury Stock		 -39,775 -40,056 -40,282 -40,260 -40,539 -40,806 -41,021 -41,068 -41,361 -41,609 -41,864
Accumulated Other Comprehensive Income / (Loss)		 -15,780 -15,794 -15,534 -15,179 -15,786 -16,652 -17,612 -17,078 -16,090 -15,597 -14,342
Noncontrolling Interest		 140 164 134 143 134 152 130 140 141 155 153

Annual Metrics And Ratios for PepsiCo

This table displays calculated financial ratios and metrics derived from PepsiCo's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/26/2015 12/31/2016 12/30/2017 12/29/2018 12/28/2019 12/26/2020 12/25/2021 12/31/2022 12/30/2023 12/28/2024 12/27/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -5.44% -0.41% 1.16% 1.79% 3.87% 4.78% 12.93% 8.70% 5.88% 0.42% 2.25%
EBITDA Growth		 -11.77% 12.85% 7.97% -2.40% 2.22% 0.11% 13.68% 0.17% 3.89% 7.59% -6.82%
EBIT Growth		 -12.82% 17.14% 9.89% -3.21% -1.55% -1.63% 15.91% -0.34% 2.94% 7.33% -11.66%
NOPAT Growth		 -13.95% 18.42% -28.17% 163.07% -41.19% -1.86% 9.44% 10.62% -0.45% 8.04% -10.34%
Net Income Growth		 -16.12% 15.96% -23.06% 155.89% -41.45% -2.42% 7.02% 16.92% 1.97% 5.14% -13.83%
EPS Growth		 -14.05% 18.80% -22.48% 159.76% -40.77% -1.54% 7.23% 16.94% 2.18% 5.95% -13.67%
Operating Cash Flow Growth		 3.41% -1.85% -5.94% -6.13% 2.49% 9.99% 9.45% -6.93% 24.34% -6.96% -3.36%
Free Cash Flow Firm Growth		 -48.58% -19.33% -19.73% 36.18% -65.18% -63.93% 516.75% 26.80% -15.09% 22.29% -74.13%
Invested Capital Growth		 -11.52% -2.98% -4.52% 16.77% 14.89% 17.77% 3.86% 1.72% 4.39% 2.40% 13.54%
Revenue Q/Q Growth		 -2.12% 1.50% 0.02% 0.00% 1.69% 2.65% 3.64% 3.29% -0.16% -0.07% 1.69%
EBITDA Q/Q Growth		 1.41% 1.05% 5.25% 1.24% 4.15% 5.00% 5.62% -9.39% 6.52% 4.01% 9.04%
EBIT Q/Q Growth		 2.57% 1.46% 6.40% 1.55% 0.74% 1.28% 2.26% -12.18% 7.81% 4.42% 11.52%
NOPAT Q/Q Growth		 8.23% -1.78% -32.61% 158.61% -41.10% 0.75% -1.32% -12.28% 7.36% 4.46% 13.70%
Net Income Q/Q Growth		 7.99% -4.72% -30.09% 151.33% -40.90% 1.14% -6.32% -8.24% 9.43% 2.23% 14.04%
EPS Q/Q Growth		 8.90% -4.39% -30.02% 151.58% -40.50% 1.19% -6.47% -8.15% 9.15% 2.66% 14.07%
Operating Cash Flow Q/Q Growth		 2.61% -2.29% 1.05% 8.53% -1.00% -0.90% 4.42% -4.23% 10.77% 3.95% 2.82%
Free Cash Flow Firm Q/Q Growth		 -28.72% -1.16% -5.70% 75.75% -61.71% 192.56% -13.44% -2.69% 9.46% 40.77% -3.61%
Invested Capital Q/Q Growth		 -4.51% -4.75% -11.26% 2.92% 0.88% -0.77% 1.32% -1.01% -0.95% -5.00% -2.49%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 54.44% 55.06% 54.67% 54.56% 55.13% 54.82% 53.35% 53.03% 54.21% 54.55% 54.15%
EBITDA Margin		 17.08% 19.35% 20.66% 19.81% 19.49% 18.62% 18.75% 17.27% 16.95% 18.16% 16.55%
Operating Margin		 13.25% 15.61% 16.18% 15.64% 15.32% 14.32% 14.04% 13.33% 13.10% 14.03% 12.24%
EBIT Margin		 13.25% 15.58% 16.93% 16.10% 15.26% 14.32% 14.70% 13.48% 13.10% 14.01% 12.10%
Profit (Net Income) Margin		 8.72% 10.16% 7.73% 19.42% 10.95% 10.20% 9.66% 10.39% 10.01% 10.48% 8.83%
Tax Burden Percent		 73.92% 74.58% 51.11% 136.67% 78.96% 79.12% 78.19% 83.87% 80.19% 80.58% 80.97%
Interest Burden Percent		 89.09% 87.41% 89.30% 88.29% 90.88% 89.97% 84.06% 91.94% 95.25% 92.86% 90.14%
Effective Tax Rate		 26.08% 25.42% 48.89% -36.67% 21.04% 20.88% 21.81% 16.13% 19.81% 19.42% 19.03%
Return on Invested Capital (ROIC)		 18.70% 23.95% 17.87% 44.41% 22.56% 19.02% 18.88% 20.32% 19.63% 20.51% 17.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 15.93% 20.89% 16.43% 37.54% 18.93% 16.13% 15.54% 18.12% 18.15% 18.16% 14.15%
Return on Net Nonoperating Assets (RNNOA)		 43.99% 0.00% 71.52% 53.78% 27.34% 31.48% 32.83% 33.40% 31.36% 31.79% 25.83%
Return on Equity (ROE)		 62.70% 0.00% 89.39% 98.18% 49.90% 50.49% 51.71% 53.72% 50.99% 52.30% 42.85%
Cash Return on Invested Capital (CROIC)		 30.93% 26.98% 22.50% 28.94% 8.70% 2.70% 15.08% 18.61% 15.33% 18.14% 4.34%
Operating Return on Assets (OROA)		 11.92% 13.67% 14.03% 13.22% 13.12% 11.76% 12.61% 12.62% 12.44% 12.87% 10.99%
Return on Assets (ROA)		 7.85% 8.91% 6.40% 15.95% 9.42% 8.37% 8.29% 9.73% 9.50% 9.63% 8.02%
Return on Common Equity (ROCE)		 62.16% 0.00% 89.91% 98.11% 49.62% 50.17% 51.35% 53.35% 50.62% 51.93% 42.55%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 44.27% 86.51% 49.73% 53.33% 47.87% 52.35% 49.48% 53.36% 0.00%
Net Operating Profit after Tax (NOPAT)		 6,174 7,312 5,253 13,818 8,126 7,975 8,728 9,655 9,611 10,384 9,310
NOPAT Margin		 9.79% 11.64% 8.27% 21.37% 12.10% 11.33% 10.98% 11.18% 10.51% 11.31% 9.91%
Net Nonoperating Expense Percent (NNEP)		 2.78% 3.06% 1.44% 6.87% 3.63% 2.88% 3.34% 2.20% 1.47% 2.35% 2.87%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - 17.14% 15.32% 16.62% 13.35%
Cost of Revenue to Revenue		 45.56% 44.94% 45.33% 45.44% 44.87% 45.18% 46.65% 46.97% 45.79% 45.45% 45.85%
SG&A Expenses to Revenue		 39.03% 39.45% 38.49% 38.93% 39.81% 40.43% 39.30% 39.89% 40.10% 40.49% 39.78%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 41.19% 39.45% 38.49% 38.93% 39.81% 40.49% 39.30% 39.71% 41.11% 40.52% 41.91%
Earnings before Interest and Taxes (EBIT)		 8,353 9,785 10,753 10,408 10,247 10,080 11,684 11,644 11,986 12,865 11,365
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 10,769 12,153 13,122 12,807 13,091 13,106 14,899 14,924 15,504 16,680 15,543
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 12.77 9.17 11.42 13.50 13.64 13.67 12.23 11.63 9.63
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 1.82 1.92 2.22 2.06 2.51 2.58 2.75 2.71 2.47 2.28 2.09
Price to Earnings (P/E)		 21.00 19.08 29.05 10.64 23.08 25.50 28.73 26.31 24.94 21.90 23.86
Dividend Yield		 3.51% 3.52% 3.19% 3.80% 3.13% 3.06% 2.68% 2.66% 3.00% 3.49% 3.91%
Earnings Yield		 4.76% 5.24% 3.44% 9.40% 4.33% 3.92% 3.48% 3.80% 4.01% 4.57% 4.19%
Enterprise Value to Invested Capital (EV/IC)		 4.31 4.64 5.54 4.54 5.00 4.71 5.32 5.52 5.12 4.72 3.99
Enterprise Value to Revenue (EV/Rev)		 2.12 2.22 2.50 2.35 2.87 3.03 3.15 3.06 2.80 2.63 2.47
Enterprise Value to EBITDA (EV/EBITDA)		 12.39 11.49 12.11 11.88 14.71 16.29 16.82 17.72 16.52 14.48 14.92
Enterprise Value to EBIT (EV/EBIT)		 15.98 14.27 14.78 14.62 18.79 21.18 21.45 22.71 21.37 18.78 20.40
Enterprise Value to NOPAT (EV/NOPAT)		 21.62 19.10 30.26 11.01 23.69 26.77 28.72 27.39 26.65 23.27 24.90
Enterprise Value to Operating Cash Flow (EV/OCF)		 12.29 13.10 15.85 16.16 19.95 20.12 21.58 24.46 19.06 19.32 19.18
Enterprise Value to Free Cash Flow (EV/FCFF)		 13.07 16.95 24.04 16.90 61.41 188.78 35.94 29.90 34.11 26.31 97.59
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 3.58 2.21 2.16 3.26 2.50 2.26 2.37 2.44 2.39
Long-Term Debt to Equity		 0.00 0.00 3.08 1.94 1.96 2.98 2.23 2.06 2.02 2.05 2.06
Financial Leverage		 2.76 0.00 4.35 1.43 1.44 1.95 2.11 1.84 1.73 1.75 1.83
Leverage Ratio		 7.99 0.00 13.96 6.15 5.30 6.03 6.24 5.52 5.37 5.43 5.34
Compound Leverage Factor		 7.12 0.00 12.47 5.43 4.82 5.43 5.24 5.08 5.11 5.04 4.82
Debt to Total Capital		 100.00% 100.00% 78.15% 68.88% 68.32% 76.51% 71.41% 69.34% 70.30% 70.92% 70.53%
Short-Term Debt to Total Capital		 12.23% 18.65% 10.91% 8.58% 6.22% 6.55% 7.63% 6.06% 10.38% 11.34% 9.84%
Long-Term Debt to Total Capital		 87.77% 81.35% 67.24% 60.30% 62.10% 69.96% 63.78% 63.28% 59.92% 59.58% 60.69%
Preferred Equity to Total Capital		 0.00% 0.00% 0.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.18% 0.18% 0.17% 0.17% 0.19% 0.22% 0.21% 0.21% 0.20%
Common Equity to Total Capital		 0.00% 0.00% 21.97% 30.94% 31.50% 23.32% 28.40% 30.44% 29.49% 28.88% 29.26%
Debt to EBITDA		 3.09 3.04 2.99 2.52 2.45 3.37 2.71 2.62 2.84 2.66 3.16
Net Debt to EBITDA		 1.76 1.55 1.35 1.48 1.81 2.43 2.13 2.00 1.92 1.90 2.26
Long-Term Debt to EBITDA		 2.71 2.47 2.58 2.21 2.23 3.08 2.42 2.39 2.42 2.23 2.72
Debt to NOPAT		 5.39 5.05 7.48 2.34 3.95 5.54 4.62 4.05 4.59 4.27 5.28
Net Debt to NOPAT		 3.07 2.58 3.38 1.37 2.91 3.99 3.63 3.09 3.10 3.05 3.77
Long-Term Debt to NOPAT		 4.73 4.11 6.43 2.05 3.59 5.06 4.13 3.69 3.91 3.58 4.55
Altman Z-Score		 2.59 2.54 3.56 3.62 2.83 3.44 3.93 4.19 3.88 3.85 3.48
Noncontrolling Interest Sharing Ratio		 0.86% 0.00% -0.58% 0.08% 0.56% 0.63% 0.69% 0.69% 0.72% 0.72% 0.70%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.31 1.25 1.51 0.99 0.86 0.98 0.83 0.80 0.85 0.82 0.85
Quick Ratio		 1.05 1.08 1.29 0.73 0.66 0.77 0.56 0.58 0.66 0.62 0.64
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 10,210 8,237 6,612 9,004 3,135 1,131 6,975 8,844 7,509 9,183 2,375
Operating Cash Flow to CapEx		 406.59% 362.56% 359.63% 299.08% 237.54% 253.60% 260.51% 218.14% 252.67% 251.35% 310.96%
Free Cash Flow to Firm to Interest Expense		 10.53 6.14 5.74 7.39 3.35 1.00 3.74 9.42 9.17 9.99 2.12
Operating Cash Flow to Interest Expense		 11.20 7.95 8.71 7.72 10.32 9.41 6.24 11.51 16.41 13.61 10.78
Operating Cash Flow Less CapEx to Interest Expense		 8.45 5.75 6.29 5.14 5.98 5.70 3.84 6.24 9.92 8.19 7.31
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.90 0.88 0.83 0.82 0.86 0.82 0.86 0.94 0.95 0.92 0.91
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 9.80 10.37 10.16 9.67 0.00 0.00 8.70 8.48 7.94 7.85 7.72
Fixed Asset Turnover		 3.76 3.82 3.76 3.71 3.64 3.46 3.63 3.70 3.56 3.34 3.24
Accounts Payable Turnover		 2.17 2.03 1.97 1.77 1.69 1.71 1.82 1.82 1.73 1.68 1.71
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 37.24 35.20 35.93 37.73 0.00 0.00 41.93 43.04 46.00 46.52 47.25
Days Payable Outstanding (DPO)		 168.47 179.45 185.44 205.78 215.94 213.13 200.59 200.28 211.38 216.81 213.40
Cash Conversion Cycle (CCC)		 -131.23 -144.25 -149.51 -168.05 -215.94 -213.13 -158.66 -157.25 -165.38 -170.29 -166.14
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 30,994 30,069 28,710 33,524 38,515 45,359 47,112 47,923 50,025 51,226 58,161
Invested Capital Turnover		 1.91 2.06 2.16 2.08 1.86 1.68 1.72 1.82 1.87 1.81 1.72
Increase / (Decrease) in Invested Capital		 -4,036 -925 -1,359 4,814 4,991 6,844 1,753 811 2,102 1,201 6,935
Enterprise Value (EV)		 133,480 139,641 158,957 152,165 192,532 213,484 250,668 264,405 256,167 241,602 231,825
Market Capitalization		 114,516 120,771 141,095 133,159 168,803 181,579 218,841 234,444 226,261 209,763 196,596
Book Value per Share		 $0.00 $0.00 $7.77 $10.29 $10.60 $9.74 $11.60 $12.45 $13.46 $13.15 $14.92
Tangible Book Value per Share		 ($18.71) ($19.43) ($12.33) ($11.42) ($12.02) ($17.81) ($15.19) ($12.08) ($10.29) ($10.42) ($9.93)
Total Capital		 33,284 36,945 50,262 46,923 46,936 57,702 56,485 56,344 62,742 62,477 69,729
Total Debt		 33,284 36,945 39,281 32,321 32,068 44,150 40,334 39,071 44,105 44,306 49,182
Total Long-Term Debt		 29,213 30,053 33,796 28,295 29,148 40,370 36,026 35,657 37,595 37,224 42,321
Net Debt		 18,964 18,870 17,729 18,922 23,647 31,807 31,719 29,837 29,772 31,709 35,088
Capital Expenditures (CapEx)		 2,672 2,941 2,789 3,148 4,062 4,185 4,459 4,956 5,320 4,976 3,887
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -2,485 -3,918 -3,500 -7,209 -5,634 -6,142 -6,117 -7,180 -8,190 -7,894 -7,484
Debt-free Net Working Capital (DFNWC)		 9,524 12,207 16,010 3,781 104 3,409 -129 -1,832 1,813 1,372 2,046
Net Working Capital (NWC)		 5,453 5,315 10,525 -245 -2,816 -371 -4,437 -5,246 -4,697 -5,710 -4,815
Net Nonoperating Expense (NNE)		 673 933 345 1,259 773 800 1,049 677 456 758 1,015
Net Nonoperating Obligations (NNO)		 30,994 30,069 17,729 18,922 23,647 31,807 30,961 30,650 31,388 33,055 37,614
Total Depreciation and Amortization (D&A)		 2,416 2,368 2,369 2,399 2,844 3,026 3,215 3,280 3,518 3,815 4,178
Debt-free, Cash-free Net Working Capital to Revenue		 -3.94% -6.24% -5.51% -11.15% -8.39% -8.73% -7.70% -8.31% -8.95% -8.59% -7.97%
Debt-free Net Working Capital to Revenue		 15.10% 19.44% 25.20% 5.85% 0.15% 4.84% -0.16% -2.12% 1.98% 1.49% 2.18%
Net Working Capital to Revenue		 8.65% 8.46% 16.57% -0.38% -4.19% -0.53% -5.58% -6.07% -5.14% -6.22% -5.13%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.71 $4.39 $3.40 $8.84 $5.23 $5.14 $5.51 $6.45 $6.59 $6.97 $6.02
Adjusted Weighted Average Basic Shares Outstanding		 1.47B 1.44B 1.43B 1.42B 1.40B 1.39B 1.38B 1.38B 1.38B 1.37B 1.37B
Adjusted Diluted Earnings per Share		 $3.67 $4.36 $3.38 $8.78 $5.20 $5.12 $5.49 $6.42 $6.56 $6.95 $6.00
Adjusted Weighted Average Diluted Shares Outstanding		 1.49B 1.45B 1.44B 1.43B 1.41B 1.39B 1.39B 1.39B 1.38B 1.38B 1.37B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.45B 1.43B 1.42B 1.40B 1.39B 1.38B 1.38B 1.38B 1.37B 1.37B 1.37B
Normalized Net Operating Profit after Tax (NOPAT)		 7,179 7,312 5,253 7,077 8,126 8,008 8,728 12,310 10,355 10,411 10,924
Normalized NOPAT Margin		 11.39% 11.64% 8.27% 10.94% 12.10% 11.38% 10.98% 14.25% 11.32% 11.33% 11.63%
Pre Tax Income Margin		 11.80% 13.62% 15.12% 14.21% 13.87% 12.89% 12.36% 12.39% 12.48% 13.01% 10.91%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 8.61 7.29 9.34 8.54 10.96 8.94 6.27 12.40 14.63 14.00 10.14
NOPAT to Interest Expense		 6.37 5.45 4.56 11.34 8.69 7.07 4.68 10.28 11.74 11.30 8.31
EBIT Less CapEx to Interest Expense		 5.86 5.10 6.92 5.96 6.62 5.23 3.88 7.12 8.14 8.58 6.67
NOPAT Less CapEx to Interest Expense		 3.61 3.26 2.14 8.75 4.35 3.36 2.29 5.00 5.24 5.88 4.84
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 73.44% 66.26% 91.12% 39.25% 72.13% 76.78% 75.73% 68.75% 72.99% 75.10% 92.08%
Augmented Payout Ratio		 164.33% 113.29% 131.87% 55.18% 112.93% 104.66% 77.11% 85.45% 83.91% 85.49% 104.14%

Quarterly Metrics And Ratios for PepsiCo

This table displays calculated financial ratios and metrics derived from PepsiCo's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/9/2023 12/30/2023 3/23/2024 6/15/2024 9/7/2024 12/28/2024 3/22/2025 6/14/2025 9/6/2025 12/27/2025 3/21/2026
DEI Shares Outstanding		 - - - - - - - - - - 1,366,649,053.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 1,366,649,053.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 1.70
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 6.75% -0.52% 2.26% 0.80% -0.57% -0.24% -1.81% 1.00% 2.65% 5.61% 8.50%
EBITDA Growth		 18.94% 50.08% 2.62% 9.01% -2.99% 23.38% -3.70% -43.76% -4.28% 40.52% 22.36%
EBIT Growth		 21.59% 106.50% 1.00% 8.85% -5.03% 33.69% -6.92% -55.39% -7.83% 58.09% 26.64%
NOPAT Growth		 13.05% 68.68% 5.62% 12.29% -4.36% 31.26% -6.24% -55.00% -9.13% 58.78% 24.43%
Net Income Growth		 14.39% 147.48% 5.61% 11.66% -5.49% 15.86% -10.23% -58.66% -11.10% 66.56% 26.86%
EPS Growth		 14.87% 144.74% 5.71% 12.06% -4.91% 19.35% -10.14% -58.74% -10.80% 66.67% 27.82%
Operating Cash Flow Growth		 26.80% 29.01% -165.56% -2.28% -12.58% 8.17% 6.53% -16.43% -8.83% 5.28% 104.21%
Free Cash Flow Firm Growth		 21.19% -1,378.76% -72.01% 107.67% -129.06% 209.02% 61.18% -13,090.04% -784.28% -652.45% -398.05%
Invested Capital Growth		 4.32% 4.39% 6.64% 6.18% 6.77% 2.40% 4.62% 8.60% 10.62% 13.54% 8.56%
Revenue Q/Q Growth		 5.07% 18.75% -34.47% 23.29% 3.64% 19.15% -35.51% 26.83% 5.33% 22.58% -33.74%
EBITDA Q/Q Growth		 8.59% -42.17% 22.54% 41.66% -3.36% -26.45% -2.76% -17.70% 62.64% 7.97% -15.33%
EBIT Q/Q Growth		 9.63% -58.72% 61.44% 48.99% -4.35% -41.89% 14.80% -29.11% 94.92% -0.34% -8.04%
NOPAT Q/Q Growth		 11.99% -54.97% 49.15% 49.28% -4.62% -38.19% 6.54% -28.35% 92.59% 8.00% -16.51%
Net Income Q/Q Growth		 12.45% -57.51% 55.06% 50.71% -4.82% -47.91% 20.14% -30.60% 104.69% -2.41% -8.49%
EPS Q/Q Growth		 12.56% -58.48% 59.14% 50.68% -4.48% -47.89% 19.82% -30.83% 106.52% -2.63% -8.11%
Operating Cash Flow Q/Q Growth		 132.73% 3.58% -117.91% 326.32% 108.19% 28.18% -115.48% 302.36% 127.12% 48.01% -99.38%
Free Cash Flow Firm Q/Q Growth		 444.23% -157.09% -83.68% 102.12% -1,404.30% 314.17% -165.40% -611.05% 11.21% -33.80% 41.04%
Invested Capital Q/Q Growth		 -2.79% -0.95% 7.89% 2.21% -2.25% -5.00% 10.24% 6.09% -0.44% -2.49% 5.40%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 54.48% 52.97% 54.81% 55.92% 55.42% 52.56% 55.77% 54.66% 53.57% 53.23% 55.19%
EBITDA Margin		 20.97% 10.21% 19.10% 21.94% 20.46% 12.63% 19.04% 12.36% 19.08% 16.80% 21.47%
Operating Margin		 17.12% 6.04% 14.89% 17.99% 16.60% 8.10% 14.41% 7.87% 14.91% 12.12% 16.53%
EBIT Margin		 17.38% 6.04% 14.89% 17.99% 16.60% 8.10% 14.41% 8.06% 14.91% 12.12% 16.82%
Profit (Net Income) Margin		 13.29% 4.75% 11.25% 13.75% 12.63% 5.52% 10.29% 5.63% 10.94% 8.71% 12.02%
Tax Burden Percent		 80.39% 86.37% 79.79% 79.95% 79.72% 84.80% 78.69% 81.41% 78.60% 85.17% 78.72%
Interest Burden Percent		 95.07% 91.09% 94.70% 95.60% 95.40% 80.40% 90.67% 85.80% 93.33% 84.34% 90.80%
Effective Tax Rate		 19.61% 13.63% 20.21% 20.05% 20.28% 15.20% 21.31% 18.59% 21.41% 14.83% 21.28%
Return on Invested Capital (ROIC)		 25.49% 9.75% 20.87% 24.72% 23.30% 12.46% 18.80% 10.22% 19.06% 17.73% 21.09%
ROIC Less NNEP Spread (ROIC-NNEP)		 25.13% 9.33% 20.53% 24.31% 22.87% 11.30% 18.28% 9.76% 18.56% 16.39% 20.59%
Return on Net Nonoperating Assets (RNNOA)		 40.10% 16.12% 38.52% 45.31% 39.05% 19.78% 35.24% 19.68% 35.28% 29.91% 39.94%
Return on Equity (ROE)		 65.59% 25.87% 59.39% 70.03% 62.35% 32.24% 54.04% 29.90% 54.34% 47.64% 61.03%
Cash Return on Invested Capital (CROIC)		 13.87% 15.33% 12.18% 12.83% 12.49% 18.14% 14.04% 6.48% 4.34% 4.34% 8.45%
Operating Return on Assets (OROA)		 16.38% 5.74% 14.17% 16.95% 15.23% 7.44% 13.08% 7.22% 13.30% 11.01% 15.12%
Return on Assets (ROA)		 12.52% 4.51% 10.71% 12.95% 11.58% 5.07% 9.33% 5.04% 9.76% 7.91% 10.81%
Return on Common Equity (ROCE)		 65.04% 25.68% 58.94% 69.52% 61.84% 32.01% 53.64% 29.69% 53.92% 47.31% 60.58%
Return on Equity Simple (ROE_SIMPLE)		 44.49% 0.00% 48.64% 49.30% 48.40% 0.00% 51.20% 41.27% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 3,228 1,454 2,168 3,236 3,087 1,908 2,033 1,456 2,805 3,029 2,529
NOPAT Margin		 13.76% 5.22% 11.88% 14.38% 13.24% 6.87% 11.34% 6.41% 11.72% 10.32% 13.01%
Net Nonoperating Expense Percent (NNEP)		 0.37% 0.42% 0.34% 0.41% 0.43% 1.16% 0.52% 0.46% 0.50% 1.34% 0.49%
Return On Investment Capital (ROIC_SIMPLE)		 - 2.32% - - - 3.05% 3.03% 2.08% 3.98% 4.34% 3.41%
Cost of Revenue to Revenue		 45.52% 47.03% 45.19% 44.08% 44.58% 47.44% 44.23% 45.34% 46.43% 46.77% 44.81%
SG&A Expenses to Revenue		 37.36% 43.60% 39.92% 37.93% 38.81% 44.34% 41.35% 38.60% 38.11% 41.11% 38.67%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 37.36% 46.93% 39.92% 37.93% 38.81% 44.46% 41.35% 46.79% 38.66% 41.11% 38.67%
Earnings before Interest and Taxes (EBIT)		 4,077 1,683 2,717 4,048 3,872 2,250 2,583 1,831 3,569 3,557 3,271
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4,918 2,844 3,485 4,937 4,771 3,509 3,412 2,808 4,567 4,931 4,175
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 12.51 12.23 12.32 11.58 12.52 11.63 10.85 9.74 10.34 9.63 9.59
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)		 2.57 2.47 2.55 2.45 2.65 2.28 2.18 1.96 2.17 2.09 2.15
Price to Earnings (P/E)		 28.39 24.94 25.55 23.66 26.03 21.90 21.29 23.76 27.75 23.86 23.48
Dividend Yield		 2.83% 3.00% 2.96% 3.14% 2.95% 3.49% 3.73% 4.19% 3.79% 3.91% 3.79%
Earnings Yield		 3.52% 4.01% 3.91% 4.23% 3.84% 4.57% 4.70% 4.21% 3.60% 4.19% 4.26%
Enterprise Value to Invested Capital (EV/IC)		 5.29 5.12 4.99 4.73 5.16 4.72 4.21 3.69 4.04 3.99 4.00
Enterprise Value to Revenue (EV/Rev)		 2.91 2.80 2.93 2.83 3.03 2.63 2.60 2.41 2.61 2.47 2.57
Enterprise Value to EBITDA (EV/EBITDA)		 18.35 16.52 17.22 16.18 17.34 14.48 14.29 15.28 16.89 14.92 14.95
Enterprise Value to EBIT (EV/EBIT)		 24.02 21.37 22.33 20.94 22.57 18.78 18.63 21.05 23.62 20.40 20.20
Enterprise Value to NOPAT (EV/NOPAT)		 29.83 26.65 27.72 25.88 27.97 23.27 23.18 26.08 29.39 24.90 24.98
Enterprise Value to Operating Cash Flow (EV/OCF)		 22.00 19.06 21.07 20.48 23.11 19.32 18.89 18.12 20.47 19.18 18.70
Enterprise Value to Free Cash Flow (EV/FCFF)		 38.92 34.11 42.34 37.98 42.62 26.31 30.63 59.27 97.66 97.59 49.26
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 2.36 2.37 2.39 2.29 2.30 2.44 2.62 2.77 2.60 2.39 2.45
Long-Term Debt to Equity		 1.89 2.02 1.96 1.87 1.96 2.05 2.13 2.12 2.26 2.06 1.98
Financial Leverage		 1.60 1.73 1.88 1.86 1.71 1.75 1.93 2.02 1.90 1.83 1.94
Leverage Ratio		 5.10 5.37 5.31 5.22 5.20 5.43 5.35 5.37 5.29 5.34 5.30
Compound Leverage Factor		 4.85 4.89 5.03 5.00 4.96 4.37 4.85 4.61 4.94 4.51 4.81
Debt to Total Capital		 70.24% 70.30% 70.50% 69.65% 69.66% 70.92% 72.36% 73.47% 72.24% 70.53% 71.00%
Short-Term Debt to Total Capital		 14.02% 10.38% 12.54% 12.85% 10.10% 11.34% 13.57% 17.24% 9.57% 9.84% 13.67%
Long-Term Debt to Total Capital		 56.22% 59.92% 57.96% 56.80% 59.56% 59.58% 58.79% 56.23% 62.67% 60.69% 57.33%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.26% 0.21% 0.22% 0.21% 0.24% 0.21% 0.21% 0.20% 0.22% 0.20% 0.21%
Common Equity to Total Capital		 29.50% 29.49% 29.28% 30.15% 30.10% 28.88% 27.43% 26.33% 27.54% 29.26% 28.79%
Debt to EBITDA		 3.08 2.84 2.93 2.79 2.81 2.66 2.92 3.55 3.57 3.16 3.22
Net Debt to EBITDA		 2.17 1.92 2.22 2.21 2.14 1.90 2.28 2.86 2.81 2.26 2.43
Long-Term Debt to EBITDA		 2.46 2.42 2.41 2.27 2.40 2.23 2.37 2.72 3.09 2.72 2.60
Debt to NOPAT		 5.00 4.59 4.72 4.46 4.53 4.27 4.73 6.07 6.21 5.28 5.38
Net Debt to NOPAT		 3.52 3.10 3.58 3.53 3.45 3.05 3.70 4.88 4.90 3.77 4.06
Long-Term Debt to NOPAT		 4.00 3.91 3.88 3.63 3.87 3.58 3.85 4.64 5.39 4.55 4.34
Altman Z-Score		 3.73 3.54 3.68 3.69 3.82 3.49 3.35 3.03 3.28 3.24 3.23
Noncontrolling Interest Sharing Ratio		 0.85% 0.72% 0.76% 0.73% 0.82% 0.72% 0.75% 0.72% 0.78% 0.70% 0.73%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.88 0.85 0.86 0.83 0.89 0.82 0.83 0.78 0.91 0.85 0.90
Quick Ratio		 0.68 0.66 0.64 0.60 0.66 0.62 0.62 0.56 0.68 0.64 0.67
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 1,136 -648 -1,191 25 -330 707 -462 -3,288 -2,919 -3,906 -2,303
Operating Cash Flow to CapEx		 544.23% 199.45% -171.50% 243.64% 446.31% 272.99% -213.85% 222.99% 503.04% 398.73% 9.45%
Free Cash Flow to Firm to Interest Expense		 5.65 -2.99 -5.90 0.11 -1.51 2.68 -1.75 -12.64 -11.06 -11.73 -7.65
Operating Cash Flow to Interest Expense		 27.92 26.78 -5.15 10.07 22.40 23.81 -3.69 7.57 16.94 19.88 0.14
Operating Cash Flow Less CapEx to Interest Expense		 22.79 13.35 -8.16 5.94 17.38 15.09 -5.41 4.18 13.57 14.89 -1.31
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.94 0.95 0.95 0.94 0.92 0.92 0.91 0.90 0.89 0.91 0.90
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover		 7.98 7.94 7.48 7.07 7.44 7.85 7.38 6.76 7.25 7.72 7.39
Fixed Asset Turnover		 3.85 3.56 3.60 3.57 3.53 3.34 3.33 3.29 3.28 3.24 3.29
Accounts Payable Turnover		 1.82 1.73 1.93 1.87 1.75 1.68 1.86 1.77 1.75 1.71 1.88
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)		 45.74 46.00 48.79 51.59 49.07 46.52 49.47 54.02 50.37 47.25 49.40
Days Payable Outstanding (DPO)		 200.07 211.38 188.94 195.23 208.14 216.81 196.00 206.04 208.38 213.40 194.51
Cash Conversion Cycle (CCC)		 -154.33 -165.38 -140.15 -143.64 -159.07 -170.29 -146.52 -152.02 -158.01 -166.14 -145.11
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 50,506 50,025 53,974 55,165 53,923 51,226 56,469 59,909 59,647 58,161 61,301
Invested Capital Turnover		 1.85 1.87 1.76 1.72 1.76 1.81 1.66 1.59 1.63 1.72 1.62
Increase / (Decrease) in Invested Capital		 2,092 2,102 3,359 3,211 3,417 1,201 2,495 4,744 5,724 6,935 4,832
Enterprise Value (EV)		 267,028 256,167 269,581 260,923 278,059 241,602 237,565 220,897 240,678 231,825 244,970
Market Capitalization		 235,328 226,261 234,654 225,204 243,589 209,763 199,485 179,406 200,419 196,596 205,052
Book Value per Share		 $13.66 $13.46 $13.85 $14.14 $14.16 $13.15 $13.41 $13.43 $14.16 $14.92 $15.65
Tangible Book Value per Share		 ($10.60) ($10.29) ($9.78) ($9.48) ($9.55) ($10.42) ($11.18) ($11.71) ($10.45) ($9.93) ($9.35)
Total Capital		 63,744 62,742 65,058 64,507 64,619 62,477 67,047 69,943 70,392 69,729 74,264
Total Debt		 44,774 44,105 45,868 44,927 45,014 44,306 48,518 51,384 50,849 49,182 52,728
Total Long-Term Debt		 35,837 37,595 37,707 36,638 38,490 37,224 39,419 39,328 44,113 42,321 42,577
Net Debt		 31,536 29,772 34,784 35,585 34,318 31,709 37,940 41,350 40,104 35,088 39,765
Capital Expenditures (CapEx)		 1,031 2,914 607 967 1,099 2,303 455 883 889 1,660 434
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -5,357 -8,190 -4,418 -3,824 -4,990 -7,894 -4,706 -4,103 -4,702 -7,484 -4,238
Debt-free Net Working Capital (DFNWC)		 4,926 1,813 3,932 2,844 3,061 1,372 3,876 3,870 3,959 2,046 6,590
Net Working Capital (NWC)		 -4,011 -4,697 -4,229 -5,445 -3,463 -5,710 -5,223 -8,186 -2,777 -4,815 -3,561
Net Nonoperating Expense (NNE)		 112 130 115 142 142 374 190 177 187 474 191
Net Nonoperating Obligations (NNO)		 31,536 31,388 34,784 35,585 34,318 33,055 37,940 41,350 40,104 37,614 39,765
Total Depreciation and Amortization (D&A)		 841 1,161 768 889 899 1,259 829 977 998 1,374 904
Debt-free, Cash-free Net Working Capital to Revenue		 -5.85% -8.95% -4.81% -4.15% -5.43% -8.59% -5.14% -4.47% -5.09% -7.97% -4.44%
Debt-free Net Working Capital to Revenue		 5.38% 1.98% 4.28% 3.09% 3.33% 1.49% 4.24% 4.22% 4.29% 2.18% 6.90%
Net Working Capital to Revenue		 -4.38% -5.14% -4.60% -5.92% -3.77% -6.22% -5.71% -8.92% -3.01% -5.13% -3.73%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $2.25 $0.95 $1.49 $2.24 $2.13 $1.11 $1.34 $0.92 $1.90 $1.86 $1.70
Adjusted Weighted Average Basic Shares Outstanding		 1.38B 1.38B 1.38B 1.38B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B
Adjusted Diluted Earnings per Share		 $2.24 $0.93 $1.48 $2.23 $2.13 $1.11 $1.33 $0.92 $1.90 $1.85 $1.70
Adjusted Weighted Average Diluted Shares Outstanding		 1.38B 1.38B 1.38B 1.38B 1.38B 1.38B 1.38B 1.37B 1.37B 1.37B 1.37B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B 1.37B
Normalized Net Operating Profit after Tax (NOPAT)		 3,228 2,254 2,168 3,236 3,087 1,936 2,033 2,971 2,910 3,029 2,529
Normalized NOPAT Margin		 13.76% 8.09% 11.88% 14.38% 13.24% 6.97% 11.34% 13.07% 12.16% 10.32% 13.01%
Pre Tax Income Margin		 16.53% 5.50% 14.10% 17.20% 15.84% 6.51% 13.07% 6.91% 13.92% 10.22% 15.28%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 20.28 7.76 13.45 17.30 17.68 8.52 9.78 7.04 13.52 10.68 10.87
NOPAT to Interest Expense		 16.06 6.70 10.73 13.83 14.10 7.23 7.70 5.60 10.63 9.10 8.40
EBIT Less CapEx to Interest Expense		 15.15 -5.67 10.45 13.17 12.66 -0.20 8.06 3.65 10.15 5.70 9.43
NOPAT Less CapEx to Interest Expense		 10.93 -6.73 7.73 9.70 9.08 -1.50 5.98 2.21 7.26 4.11 6.96
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 78.02% 72.99% 73.85% 72.90% 75.51% 75.10% 77.99% 98.22% 103.82% 92.08% 87.85%
Augmented Payout Ratio		 91.11% 83.91% 84.49% 83.42% 86.23% 85.49% 89.01% 111.81% 117.46% 104.14% 99.22%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for PepsiCo (PEP) based on the last four years of quarterly data, focusing on notable trends in revenue, profitability, cash flow, and leverage.

  • Q4 2025 Revenue rose to 29.34 billion, up about 5% year over year from 27.84 billion in Q4 2024.
  • Q4 2025 gross margin improved to roughly 53.2% (gross profit 15.62B on 29.34B revenue), up from about 52.4% in Q4 2024.
  • Q4 2025 net income attributable to common shareholders increased to 2.54B, versus 1.52B in Q4 2024.
  • Q4 2025 operating income was about 3.56B, higher than roughly 2.25B in Q4 2024, indicating improved operating profitability.
  • Q4 2025 net cash from continuing operating activities was 6.62B, up from 6.29B in Q4 2024, signaling robust cash generation.
  • Four-year look shows total common equity near 19.4B by 2025 Q3, up from mid-17–18B in earlier periods, suggesting retained earnings growth and a strengthening balance sheet.
  • Free cash flow (approximate quarterly OCF of 6.62B minus capex of 1.92B) suggests roughly 4.7B of quarterly cash available for debt repayment, dividends, or buybacks when factoring ongoing investing activity.
  • EPS progression improved in Q4 2025: Basic 1.86 and Diluted 1.85 vs Q4 2024 levels (roughly 1.11 for both), reflecting stronger profitability per share.
  • Long-term debt on the balance sheet rose toward about 44.1B by 2025 Q3 (vs around 36–39B in prior periods), indicating higher leverage that warrants monitoring.
  • Net financing cash flows were negative in multiple quarters (e.g., Q4 2025 around -3.97B), reflecting ongoing use of cash for dividends, debt repayment, and share-related activity rather than financing gains.
05/06/26 06:53 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About PepsiCo's Financials

When does PepsiCo's financial year end?

According to the most recent income statement we have on file, PepsiCo's fiscal year ends in December. Their fiscal year 2025 ended on December 27, 2025.

How has PepsiCo's net income changed over the last 10 years?

PepsiCo's net income appears to be on an upward trend, with a most recent value of $8.30 billion in 2025, rising from $5.50 billion in 2015. The previous period was $9.63 billion in 2024. Check out PepsiCo's forecast to explore projected trends and price targets.

What is PepsiCo's operating income?
PepsiCo's total operating income in 2025 was $11.50 billion, based on the following breakdown:
  • Total Gross Profit: $50.86 billion
  • Total Operating Expenses: $39.36 billion
How has PepsiCo's revenue changed over the last 10 years?

Over the last 10 years, PepsiCo's total revenue changed from $63.06 billion in 2015 to $93.93 billion in 2025, a change of 49.0%.

How much debt does PepsiCo have?

PepsiCo's total liabilities were at $86.85 billion at the end of 2025, a 6.8% increase from 2024, and a 50.7% increase since 2015.

How much cash does PepsiCo have?

In the past 10 years, PepsiCo's cash and equivalents has ranged from $4.95 billion in 2022 to $10.61 billion in 2017, and is currently $9.16 billion as of their latest financial filing in 2025.

How has PepsiCo's book value per share changed over the last 10 years?

Over the last 10 years, PepsiCo's book value per share changed from 0.00 in 2015 to 14.92 in 2025, a change of 1,492.4%.


Related Companies

Financial statements for NASDAQ:PEP last updated on 4/18/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Your book attached
Your Download Link (Expiring) If you still haven't downloaded the free Simple Options Trading For Beginners...
Profits Run | Sponsoredtc pixel
SpaceX eyes a 1.75 trillion valuation - here's what to know
Elon Musk's team has quietly filed confidential paperwork with the SEC for what Bloomberg estimates could be a...
Brownstone Research | Sponsoredtc pixel
The Iran War Just Broke the Gold Market
The Iran war isn't just a geopolitical event. It's a financial one. Within hours of the strikes, oil surged...
Behind the Markets | Sponsoredtc pixel
One executive order. The biggest wealth transfer of your lifetime.
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
BlackRock, JPMorgan, and Goldman are all stock piling the same asset… are you?
BlackRock, JPMorgan, Goldman Sachs, Fidelity, ARK Invest and Andreessen Horowitz are all buying the same asset...
Awesomely, LLC | Sponsoredtc pixel
My feud with Zohran Mamdani
Emmy-winning analyst releases his next big story Whitney Tilson shocked the nation on 60 Minutes when he ac...
Stansberry Research | Sponsoredtc pixel
Military ‘Dark Energy’ to Power AI
When it was put inside U.S. tanks, they moved almost silently and produced no smoke. Now, Elon Musk is using t...
Altimetry | Sponsoredtc pixel
Nobody's Asking Where The SpaceX Money Comes From
When SpaceX goes public, fund managers will sell existing portfolio holdings to fund the move. Trillions in as...
Americas Gold Company | Sponsoredtc pixel